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So, I guess the question is, what is the feasible price of bitcoin when considering other objective functions such as environmental sustainability?
Electricity produces CO2,but so what?Trees and plants consume CO2,so the problem with CO2 production can be solved,if we plant more trees on the planet Earth.
Can you measure "environmental sustainability"?I don't think so.
Coal mining and coal consumption in the third world countries is a way bigger problem than crypto mining,so let's not become like all those "progressive" ecological fanatics,like Greta Tunberg.
Many industries are polluting the Earth way more than the crypto industry.
And yes,crypto mining will become more and more energy efficient,year after year.The miners want lower electricity costs,don't they?
I think his point is that the bitcoin miners consumes more electricity than those computer users that mainly use their devices with just searching or browsing. Remember the fact that miners need their devices to continue running 24/7 in order to mine passively with more outcomes. Hence, a household with atleast 15 drvices such as gadgets, appliances, etc are still consuming less than the bitcoin miners. I agree that we are already making this Earth more poluted but since he brought up this I think it should be considered by the bitcoin miners on how it affects Earth.